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To: freeus who wrote (12359)4/6/2001 1:21:44 PM
From: McNabb Brothers  Respond to of 13572
 
Agree 100%!

Hank



To: freeus who wrote (12359)4/6/2001 2:56:01 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 13572
 
been saying it for several weeks: SELL INTO RALLIES
that includes shorting also
real impressive rally yday, far too impressive, unsustainable
it exhausted all the buyers, what a laugh!

if Dow ran up only 150-175 pts, then it could sustain
if Naz ran up only 40-50 pts, then it could sustain
no way

sell into rallies
sell high pe stocks
sell downtrending stocks that jerk up slightly
plenty of dead people twitch before lying still forever

plenty of shorting opps left
when CSCO dropped from 50 to 30, that was 40% profit for a short
when CSCO drops from 15 to 9, that will also be 40% profit for a short
when the numbers are smaller, like now, a small drop translates to a large pct profit for a short
dont be fooled by low numbers

at least a dozen bigname tech stocks will be single digit by summertime
/ Jim Willie